HK banks now provisioning only 1.7% of their revenues for loan losses!
That’s close to a record low.
Even below levels prior to the Asian Crisis!
Are HK banks accurately depicting the potential for credit losses?
Their historical average is about 12% of revenues. pic.twitter.com/kC8NtlZwjx
— Otavio (Tavi) Costa (@TaviCosta) September 3, 2019
Otavio is the man,
— James Henry Anderson (@jameshenryand) September 3, 2019